Rover is closing a $40M round that values the pet-sitting startup at nearly $300M

Seattle-based Rover is in the process of closing a $40 million round of funding, according to sources with knowledge of the deal.

The Series E round would value Rover at nearly $300 million, and it comes from existing investors Menlo Ventures, Madrona Venture Group and Foundry Group. The company had previously raised more than $50 million.

When we reached out to Rover for comment, a spokesperson responded, “We don’t comment on rumors or speculation.”